A UK government initiative launched in February 2009 to revive bank lending in the wake of the global financial crisis by insuring banks against further losses from toxic assets.
A Collateralized Mortgage Obligation (CMO) is a type of mortgage-backed security that splits mortgage pools into different maturity classes, called tranches, to optimize the distribution of interest rate and prepayment risk among investors.
Ginnie Mae, commonly referred to as the Government National Mortgage Association (GNMA), is a government corporation within the U.S. Department of Housing and Urban Development (HUD). It guarantees the timely payment of principal and interest on mortgage-backed securities (MBS) issued by approved lenders.
A Ginnie Mae pass-through security is backed by a pool of mortgages and guaranteed by the Government National Mortgage Association (GNMA), passing through to investors the interest and principal payments of homeowners.
The Government National Mortgage Association (GNMA), commonly known as Ginnie Mae, is a government organization that facilitates housing finance by guaranteeing mortgage-backed securities and supporting low-income housing through loan write-downs.
Half-life in finance refers to the point in time at which half the principal has been repaid in a mortgage-backed security, including amortization and retirements.
A mutual fund designed to produce current income for shareholders through interest, dividends, or other income streams.
Pass-throughs refer to operating expenses that can be charged to a tenant along with the usual rent, as defined in the lease. Additionally, the term also relates to pass-through certificates in the context of mortgage-backed securities.
A Real Estate Mortgage Investment Conduit (REMIC) is a pass-through entity designed to issue multiclass mortgage-backed securities, adhering to qualifications established under the Tax Reform Act of 1986 to avoid double taxation.
A Real Estate Mortgage Investment Conduit (REMIC) is a special purpose vehicle (SPV) designed to pool mortgage loans and issue mortgage-backed securities (MBS).
The secondary mortgage market is a market for buying and selling mortgages that have already been issued or originated, providing significant liquidity to the mortgage market.
A Unit Investment Trust (UIT) is an investment vehicle registered with the SEC under the Investment Company Act of 1940. It purchases a fixed portfolio of securities, which may include corporate, municipal, or government bonds, mortgage-backed securities, common stock, or preferred stock.
